BILL · 2005–06 SESSION

SB 5918: Employee training tax credit

Providing economic development tax credits for employee training.

Summary

  • Employers with 500 or fewer employees may take a credit against the state's business and occupation tax or public utility tax of 60 percent of their qualified training costs in rural counties or 40 percent of their training costs in non-rural counties, up to $250,000 per calendar year. Qualifying costs are those that exceed the person's average annual training expenditures over the preceding three years.

From the Senate Bill Report (SB 5918), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 14, 2005
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Paull Shin (D-21)
Introduced
February 14, 2005 in the Senate
Last action
January 9, 2006
Companion bill
HB 2032
Budget
Has a fiscal note

AN ACT Relating to economic development tax credits for employee training;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. Referred to Ways & Means.
  3. And refer to Ways & Means.
  4. ITED - Majority; do pass.
  5. First reading, referred to International Trade & Economic Development.

SB 5918 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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